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Report: IPOs On Track For Best Year Since 2007, But Only One Q3 Area Tech IPO

socalTECH

A new report today, issued by E&Y, says that the global IPO market is on track to be the best year since 2007. The only local IPOs identified in Q3 in the report were YogaWorks in Culver City, RBB Bancorp in Los Angeles, and Sienna Biopharmaceuticals in Westlake Village. READ MORE>>.

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Former Rubicon Project Founder Launches Startup Investment Fund

socalTECH

The former CEO and founder of Los Angeles-based advertising exchange Rubicon Project, Frank Addante, has launched a new, startup investment fund, he announced on Wednesday, saying that after a brief foray into retirement he decided to launch TinkerBarn Ventures, a new startup studio and early stage investment fund.

Invest 113
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Sorenson Media's Csathy Departs To New Digital Media Effort From Manatt

socalTECH

The new digital media venture from Manatt was created by Los Angeles partner T. Boggs helped open up Manatt''s Silicon Valley office in 1998 and San Francisco offices in 2007. Hale Boggs, who is well known to local entrepreneurs as one of the digital media- and tech-focused attorneys here.

Media 168
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Lovell Minnick Partners Buys SRS Acquiom

socalTECH

Lovell Minnick Partners , a private equity investor which has one of its offices in Los Angeles, has acquired a majority of SRS Acquiom , a provider of technology-enabled services for the mergers and acquisition (M&A) market. SRS Acquiom was founded in 2007, and is based in Denver, with an office in Los Angeles, among other cities.

Equity 133
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Centerfield Buys Business.com and Savings.com

socalTECH

Los Angeles-based Centerfield, a marketing and customer acquisition company backed by private equity investor Platinum Equity, says it has acquired both Business.com and Savings.com. Financial details of the acquisition were not announced. The acquisition of Business.com is just the latest saga in the business and domain name; the.

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Velocify Acquired By Ellie Mae For $128M

socalTECH

Los Angeles-based Velocify , the developer of sales lead management software, has been acquired by Ellie Mae , in a deal worth $128M in cash, Ellie Mae said last week. Ellie Mae said the buy will help its lenders originate more loans, reduce costs, and complete the entire mortgage process faster. READ MORE>>.

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Equipois Raises $1M

socalTECH

Los Angeles-based Equipois , has raised $1M in a recent venture funding round, the firm told socalTECH this week. The firm--which develops mechanical devices to make objects weightless, used by manufacturers and others to reduce workplace injuries and improve efficiency--has now raised $6M since its Series A funding in 2007.

SoCalTech 100